SKF India (Industrial) Ltd

SKF India (Industrial) Limited has announced its 2nd Annual General Meeting (AGM) will be held on Thursday, August 13, 2026, at 3:00 PM IST via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company has submitted the Notice of AGM, which includes e-voting instructions and details of agenda items. Key resolutions include adopting the Audited Standalone Financial Statements for FY26, declaring a final dividend of ₹10 per equity share, re-appointing Mr. Sujeeth Pai as Director, appointing M/s J. B. Bhave & Co. as Secretarial Auditor for five years, and approving material related party transactions with several SKF group entities. The remuneration of Cost Auditors for FY27 and remuneration for Mr. Gopal Subramanyam, an Independent Director, will also be considered.

SKF India (Industrial) Ltd has submitted its Annual Report for the Financial Year 2025-26 along with the Notice of its 2nd Annual General Meeting (AGM), in compliance with SEBI Listing Regulations 34(1) and 53(2). The documents are being sent electronically to members with registered email addresses, and letters with web links are being sent to others. The Annual Report and AGM Notice are also available on the company's website. The AGM is scheduled for August 13, 2026, to be held via Video Conferencing/Other Audio-Visual Means. The company reported revenue from operations of ₹34,403.6 Million year-to-date, including ₹9,457.2 Million in the fourth quarter, reflecting a 9.8% quarter-on-quarter growth. Market capitalization as of March 31, 2026, was ₹14,030.99 Crores.

SKF India (Industrial) Limited has announced the closure of its trading window for dealing in the company's shares. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. This measure is in compliance with SEBI regulations and the company's internal code of conduct to prevent insider trading, affecting directors, promoters, key managerial personnel, designated persons, and their immediate relatives.

SKF India (Industrial) Limited announced its financial results for the fourth quarter and year ended March 31, 2026. The company reported revenue from operations of ₹9,457.2 million with a profit before tax of ₹899.7 million. This reflects a 9.8% revenue growth compared to the previous quarter. The company is focused on leveraging India's manufacturing and infrastructure growth by focusing on customer needs and operational excellence.

SKF India (Industrial) Ltd has appointed M/s Joshi Apte & Associates, Cost Accountants, as their Cost Auditors for the financial year 2026-27. The appointment was approved by the Board of Directors on May 12, 2026, based on the recommendation of the Audit Committee, and is in compliance with Section 148 of the Companies Act, 2013. M/s Joshi Apte & Associates is a peer-reviewed firm with 17 years of experience in Cost Management Accountancy.

SKF India (Industrial) Ltd has appointed M/s J B Bhave & Co. Company Secretaries as the Secretarial Auditors for a term of 5 years, commencing from the financial year 2026-27 to 2030-31. The appointment, based on the Audit Committee's recommendation and Board approval on May 12, 2026, is subject to member approval at the upcoming Annual General Meeting. M/s J B Bhave & Co is a Pune-based firm with Mr. Jayavant B. Bhave having over 30 years of experience.

SKF India (Industrial) Ltd has appointed M/s Samdani & Co, Chartered Accountants, as Tax and GST Auditors for the financial year 2026-27. The appointment was made based on the recommendation of the Audit Committee and approved by the Board of Directors at its meeting on May 12, 2026. M/s Samdani & Co was formed in 2016 and provides audit, litigation, business, and advisory services.

SKF India (Industrial) Ltd has fixed 3rd July 2026 as the record date for the dividend. This follows the board meeting on 12th May 2026, where the board recommended a final dividend of ₹10 per equity share for the financial year ended 31st March 2026, subject to shareholder approval at the Annual General Meeting. If approved, the dividend will be paid on or before 11th September 2026.

SKF India's Board of Directors has recommended a final dividend of ₹10 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting. The record date for determining shareholders eligible for the dividend is set for July 3, 2026, and the dividend, if approved, will be paid on or before September 11, 2026. The board also approved the audited financial results for the year ended March 31, 2026, with an unmodified opinion from the statutory auditors, Deloitte Haskins & Sells LLP.

SKF India (Industrial) Ltd has announced a Board of Directors meeting scheduled for May 12, 2026, to consider and approve the audited financial results for the fourth quarter and financial year ended March 31, 2026. The board will also consider recommending a dividend to shareholders for approval and discuss other matters related to the upcoming Annual General Meeting.